{"id":6914,"date":"2014-03-21T04:35:00","date_gmt":"2014-03-20T21:35:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-pots-can-be-used-to-buy-lamborghinis-says-minister\/"},"modified":"2016-03-05T08:18:02","modified_gmt":"2016-03-05T01:18:02","slug":"pension-pots-can-be-used-to-buy-lamborghinis-says-minister","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-pots-can-be-used-to-buy-lamborghinis-says-minister\/","title":{"rendered":"Pension pots 'can be used to buy Lamborghinis', says minister"},"content":{"rendered":"


\nSteve Webb says government doesn’t mind if wealthy people near retirement blow savings on sports cars, in budget defenceAffluent people approaching retirement should be free to blow their pension pot on a Lamborghini even if they end up relying on the state for support, a minister said on Thursday as the government defended its far-reaching loosening of the rules on annuities in the budget.As the Institute for Fiscal Studies warned that there would be losers from the move, announced by George Osborne on Wednesday, the Lib Dem pensions minister, Steve Webb, said the government was “less bothered” about how people spent their pension pot. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Pension pots ‘can be used to buy Lamborghinis’, says minister<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Steve Webb says government doesn’t mind if wealthy people near retirement blow savings on sports...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-6914","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-1Nw","jetpack-related-posts":[{"id":22891,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/retirees-prove-more-prudent-than-expected-after-pension-freedoms\/","url_meta":{"origin":6914,"position":0},"title":"Retirees prove more prudent than expected after pension freedoms","date":"August 15, 2016","format":false,"excerpt":"\r A year after compulsory annuities were abolished, pensioners are withdrawing around 4% a year from their potsBritish workers reaching retirement have proved to be more prudent than many believed they would be after receiving new pensions freedoms a year ago.The pensions minister at the time, Steve Webb, said pensioners\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12076,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ex-pensions-minister-is-still-worrying-about-pensions-we-should-too\/","url_meta":{"origin":6914,"position":1},"title":"Ex-pensions minister is still worrying about pensions. We should too","date":"May 7, 2016","format":false,"excerpt":"\r Ten million people will find their retirement payout isn\u2019t adequate. Steve Webb has an idea that may fix the biggest issue facing pension savers in BritainI met up with Steve Webb this week, the highly regarded pensions minister in the coalition government for five years until he lost his\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43359,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-charges-capped-at-0-75\/","url_meta":{"origin":6914,"position":2},"title":"Pension charges capped at 0.75%","date":"March 27, 2014","format":false,"excerpt":"\r Government announces cap with effect from April 2015, a move that could spare savers fees worth up to \u00a3200m a yearFees for managing pension pots will be capped at 0.75% from next year, following concerns that rip-off charges have been eroding the value of savings.Steve Webb, the Lib Dem\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36182,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-age-may-be-about-to-rise-again-says-former-minister\/","url_meta":{"origin":6914,"position":3},"title":"Pension age may be about to rise again, says former minister","date":"November 28, 2016","format":false,"excerpt":"\r Steve Webb says government considering faster timetable for higher state pension age of 70, affecting millions of workersThe government may be preparing to increase the official state pension age to 70 for millions of people currently in their 20s, a former minister has claimed.Steve Webb said documents produced by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36254,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/basically-a-huge-tax-increase-readers-on-proposed-pension-age-rise\/","url_meta":{"origin":6914,"position":4},"title":"'Basically a huge tax increase': readers on proposed pension age rise","date":"November 28, 2016","format":false,"excerpt":"\r Former pensions minister Steve Webb says the government is considering raising pension age sooner than previously planned. We follow your reactionTens of millions of workers under the age of 55 could be affected by changes to pension age sooner than previously planned, according to a former minister.Steve Webb, pensions\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16064,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-paying-up-to-10-to-cash-in-pension-pots\/","url_meta":{"origin":6914,"position":5},"title":"Savers 'paying up to 10%' to cash in pension pots","date":"June 10, 2016","format":false,"excerpt":"\r Citizens Advice says 41% of people who want to access their cash are charged a fee, and those with smallest pots hit hardestAbout 160,000 people have had to pay fees to access their pensions since new freedoms were introduced, with some seeing more than 10% of their retirement pot\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/6914"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=6914"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/6914\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=6914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=6914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=6914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}